Author Question: Refer to the figure above. The region PCCAF shows the ________ after the imposition of the price ... (Read 61 times)

folubunmi · **on:** Jun 29, 2018

Refer to the figure above. The region PCCAF shows the ________ after the imposition of the price ceiling.

A) government revenue
B) consumer surplus
C) producer surplus
D) deadweight loss

Question 2

Gross Domestic Product measures the

A) quantity of the goods and services produced in a given year, listed item by item, within a country.
B) income of the business sector within a country.
C) market value of the final goods and services produced in a given year within a country.
D) measures the market value of the domestic labor in a given year within a country.
E) market value of the final goods and services consumed by households in a given year within a country.